Wellington Management Group LLP Lowers Holdings in ePlus inc. (NASDAQ:PLUS)

Wellington Management Group LLP reduced its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 937,600 shares of the software maker's stock after selling 31,398 shares during the period. Wellington Management Group LLP owned 3.52% of ePlus worth $69,270,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after buying an additional 163 shares in the last quarter. Jones Financial Companies Lllp increased its stake in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after buying an additional 303 shares in the last quarter. Quarry LP increased its stake in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after buying an additional 430 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in ePlus during the 4th quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. purchased a new stake in ePlus during the 4th quarter worth approximately $61,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

Shares of PLUS stock traded down $0.62 during trading hours on Monday, reaching $70.75. The company had a trading volume of 228,398 shares, compared to its average volume of 213,516. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a fifty day moving average of $62.83 and a 200-day moving average of $69.95. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.83 and a beta of 1.12. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The business had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. On average, equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded ePlus from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.